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Fisker Automotive Burnt Through $1.4 Billion

socalTECH

The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. Anaheim-based Fisker Automotive , the troubled electric car maker, has now burnt through $1.4

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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability. Securities and Exchange Commission.

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later. You need to be constantly assessing mergers and acquisitions, as well as divestitures. Hone your process for due diligence and integrating these new elements.

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Interview with Greg Martin, LiquidStock

socalTECH

Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. We would like a minimum of $5M to $10M minimum invested in any one company.

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Autobytel Cuts 35 Percent Of Staff, Looks For Buyer

socalTECH

Irvine-based Autobytel said Friday morning that the firm has cut 75 positions, or approximately 35% of its workforce, and hired an investment bank to "review strategic alternatives" for the firm. The firm said it expects to save $10M annually as a result of the layoffs and elimination of other expenses. READ MORE>>

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Autobytel Chops CEO, Cuts 25 Percent Of Staff

socalTECH

Coats is a partner at Southgate Alternative Investments, and previously served on Autobytel's board of directors. in the fourth quarter for the layoffs, including severance for Riesenbach. Coats has been named the company's President and CEO, replacing current CEO Jeff Riesenbach. The firm will take a charge of $4.5M

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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

socalTECH

Machinima first started developing its gaming-related content back around 2008, and helped usher in a healthy investment market for multi-channel-networks, companies which aggregated multiple YouTube creators and channels into a single media company. Machinima had been acquired by Warner Bros. READ MORE>>.

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